Fannie Mae Accounting Still Fuzzy: Analysts

Law360, New York (November 16, 2007, 12:00 AM EST) -- Following revelations about new accounting methods it used in last week's earnings reports, Fannie Mae tried Friday to stave off investor suspicions with a conference call that instead drove its stock price to a new low.

A report published in Fortune Thursday that put a spotlight on those new methods didn't help matters. The report has put Fannie Mae on the defensive amid accusations the new methods could be used to mask the number of bad loans held by the mortage giant.